MILAN, Italy, May 8 (Korea Bizwire) — Edison closed the first quarter of 2023 with revenues of €6.1 billion, EBITDA and profit up to €544 million and €288 million respectively, thanks to a strong operating performance. Edison’s Board of Directors reviewed the Interim Report on Operations at March 31, 2023, which showed a solid performance [...]
SEOUL, May 8 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won (US$33 million) on a consolidated basis in the January-March [...]
London, May 4 (Korea Bizwire) “In Q1 Shell delivered strong results and robust operational performance, against a backdrop of ongoing volatility, while continuing to provide vital supplies of secure energy. We will commence a $4 billion share buyback programme for the next three months as part of our commitment to deliver attractive shareholder returns.” Shell [...]
SEOUL, May 4 (Korea Bizwire) — SK Innovation Co. reported Thursday a 77.3 percent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for its loss-making battery unit after the second quarter upon U.S. tax benefits. Operating income came to 374.9 billion won (US$283.2 million) for [...]
SEOUL, May 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, said Thursday its first-quarter net income plunged 93.4 percent from a year earlier due to a base effect. The company’s net profit totaled 87.1 billion won (US$65.1 million) on a consolidated basis in the January-March period, compared with a [...]
First quarter 2023 reported and adjusted EPS* were $2.85 and $2.80, respectively, compared to first quarter 2022 reported and adjusted EPS of $1.92 and $1.95 First quarter gross margins increased by 280 basis points to 22.8% compared to the same quarter last year The Company raises full-year 2023 adjusted EPS outlook to be in the range [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for the three months ended in March fell to 355.42 billion won from 543.85 billion won (US$406 million) during the same [...]
SEOUL, May 2 (Korea Bizwire) — Despite its biggest boy group BTS’ pause in group projects due to its members’ military service, the K-pop company behind the group, Hybe, has achieved the biggest first-quarter results in its history, backed by the success of their solo projects. The company on Tuesday reported an operating profit of [...]
SAN DIEGO, April 27 (Korea Bizwire) – Telesis Bio (Nasdaq: TBIO), a leader in automated multi-omic and synthetic biology solutions, today announced that it will release its first quarter 2023 financial results on Thursday, May 11, 2023, after the market closes. In conjunction with the release, management will host a conference call on Thursday, May 11, 2023, [...]
SEOUL, April 27 (Korea Bizwire) — South Korean steel giant POSCO Holdings Inc. said Thursday its first-quarter earnings tumbled nearly 58 percent from a year earlier due to sluggish sales. Consolidated net profit came to 800 billion won (US$597.9 million) in the January-March period, down 57.9 percent from a year earlier, the company said in [...]